to others, as in the example above, spending $25,000 to remodel a kitchen in an area where comparable homes recently sold for $275,000 will not increase the house’s value to $300,000. While it could be a helpful selling feature, it won’t return dollar-for-dollar value, particularly during an imminent foreclosure.
MECHANICAL MAINTEN CAL MAINTENANCE IS A MUS CE IS A MUST
It’s easy to get wrapped up in the aesthetic aspects of preparing a home for sale. However, don’t overlook the upkeep of the unseen aspects of your home that keep it warm or cool, dry, and safe from fire. Take a close look at:
• electrical boxes and wiring • natural gas lines • plumbing • central heating and air conditioning
If these systems are old, outdated, or not functioning correctly, then you’re lowering your home’s value. According to the National Association of REALTORS® (NAR), 65% of home buyers surveyed wanted assurance that their new home had a working central air system. Of the 31 mechanical features mentioned in the survey, this one was viewed as the most important. People want to purchase a home that reflects their aesthetic tastes and lifestyles, but also one that’s safe. Faulty electrical systems can immediately sour a real estate transaction. Leaky plumbing arouses concerns of mold infestation and sewage problems. These
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